Tag: Clearing & settlement

LCH.Clearnet will launch an interest rate cross margining solution, marking the latest competitive move between Europe’s clearing houses in the new regulatory environment.

The National Association of Pension Funds has reacted to the Financial Conduct Authority and the Department for Work & Pensions' call for evidence on transaction costs for workplace pensions, released today.

Goldman Sachs is leading a new project aiming to help banks exchange collateral in order to meet tough new rules on margin and central clearing, according to multiple sources.

The US Commodity Futures Trading Commission is considering raising margin levels for derivatives traded outside of clearing houses, the head of the agency has said.

Collateral management has become arguably more important than ever before and the buy-side is now getting more involved, according to panelists at a New York collateral management event.

Spanish central counterparty BME Clearing has applied to European regulators to launch a new OTC interest rate swaps clearing segment.

The European Central Securities Depositaries Association has slammed the level 2 text of Europe’s CSD Regulation, estimating the implementation of the settlement discipline regime could cost €67 million.

As regulatory change continues to take hold of banks’ profits, clearing fee structures for buy-side firms are estimated to increase this year to deliver 14-15% return on capital, up from the current 1-2%, argues consultancy firm Catalyst.

Within the next few weeks, the Depository Trust and Clearing Corporation’s subsidiary Fixed Income Clearing Corporation intends to officially file a rule with the US Securities and Exchange Commission and Federal Reserve to provide central clearing for the institutional tri-party repo market.

European regulators have granted pension funds a two-year exemption from new mandatory central clearing rules for OTC derivatives.